Seniors enrolled in Medicare Part B will see higher premiums in 2025. Part B plans cover doctor’s appointments and services, outpatient care, medical supplies and preventative services.
The Centers for Medicare and Medicaid Services (CMS) announced that enrollees will pay about 6% more for their Part B plan, increasing from $174.70 in 2024 to $185 in 2025.
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The annual deductible for Part B beneficiaries will also rise by $17, from $240 in 2024 to $257 in 2025.
“The increase in the 2025 Part B standard premium and deductible is mainly due to projected price changes and assumed utilization increases that are consistent with historical experience,” CMS said.
According to CMS, a beneficiary’s Part B monthly premium is determined by their income. That means wealthier Americans will also pay an income-related monthly adjustment amount (IRMAA).
This adjustment affects approximately 8% of individuals with Medicare Part B.
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SENIORS PAYING FOR MEDICARE PART B PLANS WILL PAY HIGHER PREMIUMS IN 2025.
PART B PLANS COVER DOCTORS’ APPOINTMENTS AND SERVICES, OUTPATIENT CARE, MEDICAL SUPPLIES AND PREVENTATIVE SERVICES.
THE CENTERS FOR MEDICARE AND MEDICAID SERVICES ANNOUNCED ENROLLEES WILL PAY ABOUT 6 PERCENT MORE FOR THEIR PLAN B – FROM $174.70 IN 2024 – TO $185 IN 2025.
THE ANNUAL DEDUCTIBLE FOR PART B BENEFICIARIES WILL ALSO INCREASE $17 – FROM $240 IN 2024 TO $257 IN 2025.
“THE INCREASE IN THE 2025 PART B STANDARD PREMIUM AND DEDUCTIBLE IS MAINLY DUE TO PROJECTED PRICE CHANGES AND ASSUMED UTILIZATION INCREASES THAT ARE CONSISTENT WITH HISTORICAL EXPERIENCE.” THE CENTERS FOR MEDICARE AND MEDICAID SERVICES SAID.
ACCORDING TO CMS, A BENEFICIARY’S PART B MONTHLY PREMIUM IS DETERMINED BY THEIR INCOME, MEANING WEALTHIER AMERICANS ALSO PAY AN INCOME-RELATED MONTHLY ADJUSTMENT AMOUNT (IRMAA). THIS ADJUSTMENT AFFECTS APPROXIMATELY 8% OF INDIVIDUALS WITH MEDICARE PART B.
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